AAP Price Prediction Next Week
Analysis and Insights
Technical Analysis:
AAPL's stock price is currently trading at 214.73 as of the latest closing on 2025-03-17. The stock has shown significant volatility recently, with a price range of 209.97 to 214.98 during the day.
The Relative Strength Index (RSI) for AAPL is currently at 24.31 (RSI_6), 29.50 (RSI_12), and 31.15 (RSI_14), indicating that the stock is in oversold territory, which could signal a potential rebound in the short term.
The MACD indicator is currently at -5.60, with a signal line of -3.33, indicating bearish momentum. However, the MACD histogram is showing a slight divergence, which could indicate a potential reversal.
The Fibonacci levels for AAPL are as follows:
- Fibonacci R1: 240.17
- Fibonacci S1: 212.97
- Fibonacci R2: 248.57
- Fibonacci S2: 204.56
- Fibonacci R3: 262.18
- Fibonacci S3: 190.96
- Fibonacci Pivot: 226.57
These levels suggest that the stock is currently trading below the pivot level, with the next significant support at 212.97 and resistance at 240.17.
News Sentiment and Recent Developments:
Recent news has had a mixed impact on AAPL's stock price. The announcement of new product launches, including potential smart glasses and a flood of new releases, has generated some positive sentiment. However, the stock has also faced challenges, including delays in Siri and legal battles, which have contributed to the recent decline.
The partnership with Alibaba to integrate AI into iPhones sold in China has been seen as a positive development, with analysts predicting it could boost iPhone sales starting in the June quarter. However, the stock has struggled to gain traction despite these developments, with some analysts expressing concerns about the company's growth prospects.
Price Prediction and Recommendation:
Based on the technical indicators and recent news, the stock is expected to trade in a range of 212.97 to 227.48 in the next trading week. The oversold RSI levels suggest a potential short-term rebound, but the overall bearish momentum indicated by the MACD and the recent price action suggests that the stock is likely to remain under pressure.
Given the current technical and fundamental analysis, it is recommended to sell AAPL stock if it tests the resistance level of 227.48, as the stock is likely to face selling pressure at this level. Conversely, if the stock breaks below the support level of 212.97, it could signal further downside.
Conclusion:
The stock is currently in a bearish trend, but the oversold RSI levels suggest a potential short-term rebound. However, the overall momentum remains negative, and the stock is likely to face resistance at higher levels. Therefore, the recommendation is to sell AAPL stock if it tests the resistance level of 227.48.
The predicted price range for the next trading week is 212.97 to 227.48, with a potential target price of 220.00.
AAP Similar Chart Price Prediction
The price of AAP is predicted to go up 12.77%, based on the high correlation periods with INVH. The similarity of these two price pattern on the periods is 98.31%.
AAP
INVH
Up: 12.77%Similarity: 98.31%
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AAP Analyst's Forecast
Steven Zaccone
Citigroup
Hold
2025-02-21
Price Target
$44 → $47
Upside
+9.58%
Citi analyst Steven Zaccone raised the firm's price target on Advance Auto Parts to $47 from $44 and keeps a Neutral rating on the shares ahead of the earnings report. The firm expects a slight beat on same-store-sales based on outperformance in do-it-yourself and a modest beat on Q4 operating margin and earnings versus Street estimates. The analyst believes Advance Auto provided conservative Q4 guidance when it reported on November 14 and business trends improved in December for the industry.
Seth Sigman
Barclays
Hold
2025-01-09
Price Target
$66 → $54
Upside
+16.88%
Tristan Thomas-Martin
BMO Capital
Hold
2024-12-13
Price Target
$45
Upside
+2.69%
